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rate of interest vs prime interest rate

prime interest rate vs rate of interest

rate of interest and prime interest rate both are nouns.

Word NounAdjectiveVerbAdverb
rate of interest Yes No No No
prime interest rate Yes No No No
As nouns, prime interest rate is a hyponym of rate of interest; that is, prime interest rate is a word with a more specific, narrower meaning than rate of interest:
  • rate of interest: the percentage of a sum of money charged for its use
  • prime interest rate: the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
Other hyponyms of rate of interest include bank discount, discount, discount rate, discount rate, base rate, usury, vigorish, lombard rate.
rate of interest (noun) prime interest rate (noun)
the percentage of a sum of money charged for its use the interest rate on short-term loans that banks charge their commercial customers with high credit ratings
Difference between rate of interest and prime interest rate

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